HIGHCO : Q3 GROSS PROFIT 2019
Aix-en-Provence, 16 October 2019
(6.00 p.m.)
HIGHCO: PICK-UP IN GROWTH CONTINUES WITH
A BETTER-THAN-EXPECTED THIRD QUARTER (GROSS PROFIT) AT 5%
LFL
Better-than-expected business growth in
the third quarter
- Q3 20191 gross profit of €22.28 M, up 5.2% on a reported
basis and 5% LFL2.
- 9-month 20191 gross profit of €70.48 M, up 9.5% on a
reported basis and 4% LFL2.
- Strong growth in digital business: Q3 up 6.2% LFL, 9-month YTD
up 7.9% LFL.
- Continued high growth in France: Q3 up 3.9% LFL, 9-month YTD up
4.1% LFL.
- Growth in International business: Q3 up 8.7% LFL, 9-month YTD
up 3.6% LFL.
2019 guidance: Q4 business growth
expected to exceed 5% LFL
Stock markets: HighCo joins the European
Rising Tech label
§
Gross Profit (in € M) |
2019 |
2018 reported |
2018 LFL2 |
2019/2018 Reported change |
2019/2018 LFL2 change |
Q1 |
23.17 |
20.73 |
22.48 |
+11.8% |
+3.1% |
Q2 |
25.03 |
22.47 |
24.09 |
+11.4% |
+3.9% |
Q31 |
22.28 |
21.19 |
21.22 |
+5.2% |
+5.0% |
9-month total1 |
70.48 |
64.38 |
67.79 |
+9.5% |
+4.0% |
1 Unaudited data.2 Like for like: Based on a
comparable scope (i.e. including Useradgents over nine months in
2018 and 2019, as of 1 January) and at constant exchange rates
(i.e. applying the average exchange rate over the period to data
from the compared period).3 Adjusted headline profit before
interest and tax: Recurring operating income before restructuring
costs and excluding the cost of performance share plans. Adjusted
operating margin: Adjusted headline PBIT/Gross profit.
Didier Chabassieu, Chairman of the Management
Board, stated, “Driven by its digital businesses, which now account
for more than 55% of its total gross profit, HighCo is accelerating
its growth to reach 5% in the third quarter of 2019. The Group
expects to outpace this strong performance in the fourth quarter,
enabling it to achieve a seventh consecutive year of profitable
growth.”
BETTER-THAN-EXPECTED BUSINESS GROWTH IN
THE THIRD QUARTER
With Q3 2019
growth of 5.2% on a reported basis and 5%
like for like, the Group continues to accelerate its business
growth (Q1 2019: up 3.1% like for like; Q2 2019:
up 3.9% like for like) and achieved gross profit of
€22.28 M for the quarter.
For the first nine months of 2019, the
Group’s gross profit totalled €70.48 M, climbing 9.5%
on a reported basis and 4% like for like.
Growth in Digital remained robust in
Q3 2019, with a like-for-like increase of 6.2%. The
share of Digital in total Group business rose from the reported
figure of 55.6% in Q3 2018 to 56.2% in Q3 2019. Offline
businesses grew 3.5% like for like over the quarter.Over the first
nine months of 2019, the share of Digital business in the Group’s
total business activity came to 55.3%, showing a strong
like-for-like increase of 7.9%. Offline businesses have held up
well since the beginning of the year, down 0.5% on a like-for-like
basis.
CONTINUED HIGH GROWTH IN FRANCE; GROWTH IN INTERNATIONAL
BUSINESS
In France, Q3 2019 gross profit
totalled €16.92 M, up 3.9% like for like, and
accounted for 75.9% of the Group’s gross profit. This growth
continues to be driven by the positive trend in digital businesses
(up 7% like for like); their share of total business generated in
France stood at 64.2% for the quarter.For the first nine
months of 2019, gross profit in France amounted to €53.25 M,
up 4.1% like for like, with strong growth in Digital (up
8.6% like for like). The share of Digital in total French business
increased from 57.2% at end-September 2018 to 62.5% a year later,
benefiting from strong performance across all businesses.
International gross profit in
Q3 2019 stood at €5.37 M, up 8.7% like for like.
In Benelux, gross profit increased 8.2% like for like over the
third quarter to €5.1 M, benefiting from a favourable
comparative base (Q3 2018: down 11.6% like for like),
especially for offline in-store media businesses.For the
first nine months of 2019, International gross profit totalled
€17.24 M, up 3.6% like for like. In Benelux,
following a 6.9% decline on a like-for-like basis over the first
nine months of 2018, business growth came in at 3.5% like
for like over the same period in 2019, accounting for
23.3% of the Group’s gross profit. Growing by 3.7% over the first
nine months, digital businesses accounted for 29.7% of total gross
profit in Benelux. Business in Southern Europe grew 5.4% like for
like over the first nine months of 2019. The region accounts for
1.2% of the Group’s gross profit.
2019 GUIDANCE
Building on business growth of 4% like for like
over the first nine months of 2019 and Q4 expected to
exceed 5% like for like, the Group forecasts growth in its
2019 gross profit of more than 4% like for like (2018 gross profit:
up 2.6% like for like).
STOCK MARKETS: HIGHCO JOINS THE EUROPEAN RISING TECH
LABEL
HighCo was selected to come under
Euronext’s European Rising Tech label. The label
recognises the top performers and most emblematic SMEs listed on
Euronext markets. As Euronext announced in September,
HighCo is included in the Euronext Tech Croissance index,
which covers small and mid cap tech companies listed in
Paris. Euronext says the index “is composed of
high-potential companies with trading liquidity in excess of
€10,000 per day and market capitalisation of between €25 million
and €1 billion.”
About HighCo
As an expert in data marketing and
communication, HighCo continuously innovates to work with brands
and retailers in meeting the retail challenges of
tomorrow.Listed in compartment C of Euronext
Paris, and eligible for the “long only” DSS, HighCo has more than
750 employees and since 2010 has been included in the Gaia
Index, a selection of 70 responsible Small and Mid
Caps.
Your contacts
Cécile
Collina-Hue
Cynthia LeratManaging
Director
Press Relations+33 1 77 75 65
06
+33 1 77 75 65
16comfi@highco.com
c.lerat@highco.com
Upcoming
events
Publication takes place after market
close.
Q4 and FY 2019 Gross Profit: Wednesday, 22
January 2020
HighCo is a component stock of the indices CAC®
Small (CACS), CAC® Mid&Small (CACMS) and CAC® All-Tradable
(CACT) and Euronext® Tech Croissance (FRTPR).ISIN: FR0000054231
Reuters: HIGH.PA Bloomberg: HCO FP For further financial
information and press releases, go to www.highco.com.
This English
translation is for the convenience of English-speaking readers.
Consequently, the translation may not be relied upon to sustain any
legal claim, nor should it be used as the basis of any legal
opinion. HighCo expressly disclaims all liability for any
inaccuracy herein.
- HighCo CP T3 2019 MB_VDEF_EN
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